FBC Holding, Inc. (FBCD) Announces Strategic Expansion Plan
FBC Holding, Inc. (OTC PINK:FBCD) announces significant plans for 2022 through its subsidiary, Formrunner Apparel Inc.. The company is pursuing partnerships with professional athletes as brand ambassadors and engaging with major global distributors. Following a successful Las Vegas Fashion Event, President Lisa Nelson reported increased revenue and interest from a Saudi Arabian company. Additionally, FBC is expanding its retail presence in Las Vegas. The global apparel market, projected to grow from $1.5 trillion in 2021 to $2 trillion by 2026, offers promising prospects for growth.
- Successful Las Vegas Fashion Event leading to increased revenue.
- Engagement with professional athletes as brand ambassadors.
- Interest from a Saudi Arabian company for brand acquisition.
- Plans to expand retail presence with a new location in Las Vegas.
- None.
SCOTTSDALE, AZ / ACCESSWIRE / March 9, 2022 / Today FBC Holding, Inc. (OTC PINK:FBCD) through its wholly owned subsidiary, Formrunner Apparel Inc. is pleased to announce a summary regarding the company's upcoming plans along with other updates.
FBC Holding, Inc. has been working diligently on a variety of things as 2022 progresses and the company has seen significant results thus far. Formrunner Apparel is currently entertaining a couple of Professional Athletes in USA sports to become brand ambassadors for the brand. In addition, the company is also in talks with big distributors from around the world. President & CEO Lisa Nelson states "The Las Vegas Fashion Event was such a success that it brought in major revenue with distributors, retailers in high end streetwear & fashion, and a company from Saudi Arabia that wants to acquire and push our brand to a whole new level!" Lisa Nelson also states, "We couldn't be any happier with the results and we can't wait to see what the rest of this year holds for us as a whole!" In other exciting news, FBC Holding, Inc. is actively looking for a 3rd retail location in Las Vegas in the southwest area and will keep shareholders updated on all the topics discussed moving forward.
The apparel market encompasses every kind of clothing, from sportswear to business wear, from value clothing to statement luxury pieces. After difficulties in 2020 during the coronavirus pandemic, when sales across the apparel industry took a hit, the global demand for clothing and shoes is set to rise again. The revenue of the global apparel market was calculated to amount to some 1.5 trillion U.S. dollars in 2021 and was predicted to increase to approximately 2 trillion dollars by 2026. The countries that account for most of this apparel demand are the United States and China, both generating substantially higher revenues than any other country.
About Formrunner Apparel Inc.
Formrunner Apparel Inc. is a wholly owned subsidiary of FBC Holding, Inc. Formrunner Apparel Inc. carries a variety of Top-Notch Streetwear & Accessories located in Scottsdale, Arizona. Formrunner can be viewed and purchased on the Company's website at www.formrunnerapparel.com
Formrunner Apparel Inc's main website at www.formrunnerapparel.com
Twitter: https://www.twitter.com/FormrunnerTM
Instagram: https://www.instagram.com/Formrunner
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Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See FBC Holding, Inc filings with OTC Markets, which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking.
SOURCE: FBC Holding, Inc.
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